LHYAX | High Yield Fund Class A | Lord Abbett

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High Yield Fund

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Daily price w/o sales charge as of 12/10/2024

$6.46

arrowDown$0.01

YTD Returns w/o sales charge as of 12/10/2024

9.32%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.
 

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Average Yield to Maturity as of 11/29/2024

7.99%

30-Day Standardized Yield 1 as of 11/30/2024  

6.54%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 11/29/2024

Total Net Assets
$3.66 B
Inception Date
12/31/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.92%
Fund Net Expense Ratio
0.92%
Number of Holdings
737
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 8.94% 12.96% 1.74% 3.30% 4.27% 6.08%
Lipper Category Avg. High Yield Funds 8.18% 11.92% 3.25% 4.13% 4.23% -
ICE BofA U.S. High Yield Constrained Index 8.74% 12.76% 3.77% 4.59% 4.99% 6.35%
w/ sales charge 6.41% 10.44% 0.98% 2.83% 4.03% 5.98%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 8.14% 15.52% 1.19% 3.28% 4.26% 6.09%
Lipper Category Avg. High Yield Funds 7.48% 14.44% 2.64% 4.12% 4.20% -
ICE BofA U.S. High Yield Constrained Index 8.09% 15.75% 3.14% 4.57% 4.97% 6.36%
w/ sales charge 5.63% 12.89% 0.44% 2.82% 4.02% 5.99%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Type Assets
High Yield Bonds
Bank Loans
Convertibles
Equity
Investment Grade Bonds
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of unsettled transactions.

Maturity Assets
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 11/29/2024 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

16 Years of Industry Experience

Supported By 64 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 11/29/2024

7.99%

30-Day Standardized Yield 1 as of 11/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 6.54% 6.54%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 8.94% 12.96% 1.74% 3.30% 4.27% 6.08%
Lipper Category Avg. High Yield Funds 8.18% 11.92% 3.25% 4.13% 4.23% -
ICE BofA U.S. High Yield Constrained Index 8.74% 12.76% 3.77% 4.59% 4.99% 6.35%
w/ sales charge 6.41% 10.44% 0.98% 2.83% 4.03% 5.98%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/1998
w/o sales charge 8.14% 15.52% 1.19% 3.28% 4.26% 6.09%
Lipper Category Avg. High Yield Funds 7.48% 14.44% 2.64% 4.12% 4.20% -
ICE BofA U.S. High Yield Constrained Index 8.09% 15.75% 3.14% 4.57% 4.97% 6.36%
w/ sales charge 5.63% 12.89% 0.44% 2.82% 4.02% 5.99%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns ICE BofA U.S. High Yield Constrained Index
2023 10.46% 13.55%
2022 -13.75% -11.16%
2021 6.15% 5.35%
2020 4.49% 6.07%
2019 15.07% 14.41%
2018 -5.15% -2.27%
2017 8.50% 7.48%
2016 15.84% 17.49%
2015 -2.26% -4.61%
2014 3.46% 2.51%
2013 9.69% -
2012 16.50% -
2011 3.15% -
2010 14.31% -
2009 50.51% -
2008 -23.42% -
2007 2.43% -
2006 9.94% -
2005 1.15% -
2004 10.42% -
Year Q1 Q2 Q3 Q4
2024 1.89% 1.21% 4.87% -
2023 2.69% 1.15% -0.44% 6.82%
2022 -5.43% -10.72% -1.48% 3.69%
2021 1.73% 3.11% 0.63% 0.57%
2020 -16.65% 10.72% 5.69% 7.13%
2019 7.50% 3.77% 0.28% 2.86%
2018 -1.07% -0.04% 2.54% -6.47%
2017 2.82% 1.98% 2.45% 1.00%
2016 2.01% 5.52% 5.46% 2.05%
2015 3.05% 0.86% -4.23% -1.81%
2014 2.92% 3.38% -1.83% -0.95%
2013 3.97% -1.03% 2.51% 3.99%
2012 6.63% 0.36% 5.06% 3.61%
2011 3.82% 1.07% -7.02% 5.73%
2010 4.93% -0.92% 6.33% 3.40%
2009 5.95% 17.32% 14.23% 6.01%
2008 -3.43% 1.99% -7.81% -15.68%
2007 2.98% 0.17% 0.48% -1.17%
2006 2.57% 0.01% 2.80% 4.27%
2005 -1.74% 1.49% 0.87% 0.56%
2004 1.07% -0.32% 4.34% 5.04%
2003 4.06% 8.25% 2.40% 5.41%
2002 1.51% -3.59% -3.78% 6.10%
2001 5.14% -1.67% -3.99% 6.15%
2000 -1.66% 0.99% 0.31% -2.65%
1999 3.43% -0.11% -0.81% 3.99%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 11/30/2024

The chart begins on the Fund's inception date of 12/31/1998.

Based on a hypothetical Class A share investment of $10,000 on 12/31/1998 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Bonds
Bank Loans
Convertibles
Equity
Investment Grade Bonds
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of unsettled transactions.

Rating Assets
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 11/29/2024

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 09/30/2024

  • We continued to increase the Fund’s allocation to BB-rated credits. We have focused on adding higher-rated BB bonds over the quarter in response to increased expectations for economic growth to slow. To fund these purchases, we have continued to reduce the Fund’s allocation in Single-B rated high yield securities. That being said, the Fund remained overweight CCCs relative to the benchmark as we are broadly constructive on risk despite a potential slowdown in economic activity. Within this rating cohort, however, we look to be selective in sourcing these potential investments that present more idiosyncratic opportunities as opposed to adding broader risk exposure.
  • We are more balanced in the Fund’s sector exposure. The Fund remained overweight the Basic Industry and Energy sectors, which continued to be the top overweight sectors by a meaningful margin. However, we reduced this overweight, specifically in Chemicals, Metals and Mining, and Exploration & Production subsectors, as these areas tend to be sensitive to lower commodity prices and slower economic growth. Instead, we added to more defensive sectors, such as Utilities and Healthcare. The Fund’s top sector underweights remained Media and Services, albeit at more modest levels relative to prior quarters.
  • We added to sectors that have historically benefited from a lower interest rate environment. With the Fed expected to implement further rate cuts in the near term, we have shifted focus to adding exposure in sectors that should benefit from a lower interest rate environment. These include sectors like Financial Services and Real Estate, as well as select opportunities in Telecommunications and Media where certain companies have a more positive outlook amid a relatively more favorable refinancing environment.
  • The Fund maintained modest exposure to off-benchmark sectors. We generally believe that select exposures to non-high yield sectors can offer attractive risk-reward opportunities, potential portfolio diversification benefits, and avenues for liquidity. While the Fund has the flexibility to toggle allocations to off-benchmark asset classes, such as bank loans and convertible bonds, we have favored traditional high yield corporate bonds as a better source of relative value compared to other sectors and continue to reduce exposure to these non-high yield sectors
  • We remain constructive on high yield credit despite the likely outcome of moderating economic growth. We look to be more dynamic going forward given the potential for market fluctuations in response to above trend growth slowing to a pace more akin to trend. The Fund currently holds a more balanced composition between cyclical and defensive sectors, as we have reduced areas like Energy and added to rate beneficiaries like Real Estate and Utilities. Although the Fund remains overweight lower-rated credit.  We have rebalanced modestly towards BBs, reflecting both fuller valuations in lower-rated cohorts, the prospects for volatility going into the end of the year, and the above noted deceleration in macro growth. However, easy financial conditions overall are likely to remain accommodative as the potential for lower policy rates in the coming months could be beneficial for high yield bond issuers, providing added relief for companies attempting to access capital markets. Notably, fundamentals for high yield issuers continue to be robust with leverage and interest rate coverage also remain at supportive levels, aiding the belief that defaults should be relatively benign as we move into 2025.  Key risk factors to watch remain a resurgence of inflation that upends the narrative accommodative monetary policy, a pivot by issuers to more non-credit-friendly uses of debt finance, and a macro or policy driven spike of interest rate volatility that would leave investors flipping to defensive with less focus on credit.

Portfolio Details as of 11/29/2024

Total Net Assets
$3.66 B
Average Effective Duration
2.88 Years
Average Maturity
5.1 Years
Number of Issues
737
Average Yield to Maturity
7.99%

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Vistra Operations Co LLC 7.750% 10/15/2031 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp 4.500% 08/15/2030 0.5%
American Airlines Inc 7.250% 02/15/2028 0.5%
EMRLD Borrower LP / Emerald Co-Issuer Inc 6.625% 12/15/2030 0.4%
Cloud Software Group Inc 9.000% 09/30/2029 0.4%
CCO Holdings LLC / CCO Holdings Capital Corp 4.750% 03/01/2030 0.4%
Venture Global LNG Inc 9.500% 02/01/2029 0.4%
Virgin Media Secured Finance PLC 5.500% 05/15/2029 0.4%
Organon & Co / Organon Foreign Debt Co-Issuer BV 7.875% 05/15/2034 0.4%
DaVita Inc 4.625% 06/01/2030 0.4%
% of Total Assets 4.4%
Holding Coupon Maturity Assets
Vistra Operations Co LLC7.750% 10/15/20310.6%
CCO Holdings LLC / CCO Holdings Capital Corp4.500% 08/15/20300.5%
American Airlines Inc7.250% 02/15/20280.5%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.625% 12/15/20300.4%
Cloud Software Group Inc9.000% 09/30/20290.4%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.4%
Venture Global LNG Inc9.500% 02/01/20290.4%
Virgin Media Secured Finance PLC5.500% 05/15/20290.4%
Organon & Co / Organon Foreign Debt Co-Issuer BV7.875% 05/15/20340.4%
DaVita Inc4.625% 06/01/20300.4%
Iron Mountain Inc5.625% 07/15/20320.4%
Altice France SA5.125% 07/15/20290.4%
VZ Secured Financing BV5.000% 01/15/20320.4%
CSC Holdings LLC11.250% 05/15/20280.4%
CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.4%
CHS/Community Health Systems Inc6.125% 04/01/20300.4%
United Airlines Inc4.625% 04/15/20290.4%
Carnival Corp6.000% 05/01/20290.4%
Loarre Investments Sarl6.500% 05/15/20290.4%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl4.625% 06/01/20280.3%
Nationstar Mortgage Holdings Inc7.125% 02/01/20320.3%
Inter Media and Communication SpA6.750% 02/09/20270.3%
SunCoke Energy Inc4.875% 06/30/20290.3%
OneMain Finance Corp7.500% 05/15/20310.3%
Cloud Software Group Inc6.500% 03/31/20290.3%
McAfee Corp7.375% 02/15/20300.3%
Jane Street Group / JSG Finance Inc7.125% 04/30/20310.3%
JetBlue Airways Corp / JetBlue Loyalty LP9.875% 09/20/20310.3%
CommScope LLC4.750% 09/01/20290.3%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC3.500% 03/15/20290.3%
DISH DBS Corp5.125% 06/01/20290.3%
EquipmentShare.com Inc9.000% 05/15/20280.3%
CSC Holdings LLC4.625% 12/01/20300.3%
Lightning Power LLC7.250% 08/15/20320.3%
CHS/Community Health Systems Inc5.250% 05/15/20300.3%
ASP Unifrax Holdings Inc10.425% 09/30/20290.3%
Rand Parent LLC8.500% 02/15/20300.3%
Virgin Media Finance PLC5.000% 07/15/20300.3%
Univision Communications Inc7.375% 06/30/20300.3%
ROCK Trust 2024-CNTR8.819% 11/13/20410.3%
Alloy Finco Ltd0.500% 03/06/20250.3%
MEG Energy Corp5.875% 02/01/20290.3%
ATI Inc5.125% 10/01/20310.3%
Hughes Satellite Systems Corp6.625% 08/01/20260.3%
Rain Carbon Inc12.250% 09/01/20290.3%
NOVA Chemicals Corp9.000% 02/15/20300.3%
Coinbase Global Inc3.375% 10/01/20280.3%
CSC Holdings LLC11.750% 01/31/20290.3%
Hecla Mining Co7.250% 02/15/20280.3%
Viking Cruises Ltd9.125% 07/15/20310.3%
Lumen Technologies Inc4.500% 01/15/20290.3%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.3%
Navient Corp11.500% 03/15/20310.3%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp7.000% 07/15/20310.3%
Fortress Transportation and Infrastructure Investors LLC7.000% 05/01/20310.3%
LGI Homes Inc8.750% 12/15/20280.3%
Coeur Mining Inc5.125% 02/15/20290.3%
Arko Corp5.125% 11/15/20290.3%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.3%
Staples Inc10.750% 09/01/20290.3%
LifePoint Health Inc5.375% 01/15/20290.3%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.3%
Carvana Co13.000% 06/01/20300.3%
Synchrony Financial7.250% 02/02/20330.2%
Bausch + Lomb Corp8.375% 10/01/20280.2%
Hilton Domestic Operating Co Inc4.000% 05/01/20310.2%
Iron Mountain Inc5.250% 07/15/20300.2%
CNX Resources Corp6.000% 01/15/20290.2%
OneMain Finance Corp9.000% 01/15/20290.2%
Carvana Co12.000% 12/01/20280.2%
EQM Midstream Partners LP7.500% 06/01/20300.2%
Builders FirstSource Inc6.375% 06/15/20320.2%
Frontier Communications Holdings LLC6.000% 01/15/20300.2%
Oceaneering International Inc6.000% 02/01/20280.2%
Comstock Resources Inc5.875% 01/15/20300.2%
Helix Energy Solutions Group Inc9.750% 03/01/20290.2%
MIWD Holdco II LLC / MIWD Finance Corp5.500% 02/01/20300.2%
Venture Global LNG Inc8.375% 06/01/20310.2%
Noble Finance II LLC8.000% 04/15/20300.2%
Brandywine Operating Partnership LP8.875% 04/12/20290.2%
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp7.125% 02/15/20310.2%
Saturn Oil & Gas Inc9.625% 06/15/20290.2%
NRG Energy Inc10.250% 09/15/21730.2%
Hughes Satellite Systems Corp5.250% 08/01/20260.2%
Venture Global LNG Inc8.125% 06/01/20280.2%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.2%
Sotheby's7.375% 10/15/20270.2%
CNX Midstream Partners LP4.750% 04/15/20300.2%
Freedom Mortgage Corp12.000% 10/01/20280.2%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.2%
Port of Newcastle Investments Financing Pty Ltd5.900% 11/24/20310.2%
Talen Energy Supply LLC8.625% 06/01/20300.2%
Empire Resorts Inc7.750% 11/01/20260.2%
California Resources Corp8.250% 06/15/20290.2%
Garda World Security Corp8.375% 11/15/20320.2%
Lumen Technologies Inc7.182% 04/15/20290.2%
Calpine Corp5.000% 02/01/20310.2%
ASP Unifrax Holdings Inc7.100% 09/30/20290.2%
Vital Energy Inc7.750% 07/31/20290.2%
United States Steel Corp6.650% 06/01/20370.2%
Intesa Sanpaolo SpA4.198% 06/01/20320.2%
GrafTech Global Enterprises Inc9.875% 12/15/20280.2%
Archrock Partners LP / Archrock Partners Finance Corp6.625% 09/01/20320.2%
Altice France SA8.125% 02/01/20270.2%
Miller Homes Group Finco PLC7.000% 05/15/20290.2%
Fortress Transportation and Infrastructure Investors LLC7.875% 12/01/20300.2%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.2%
Optics Bidco SpA6.375% 11/15/20330.2%
Trulieve Cannabis Corp8.000% 10/06/20260.2%
Outfront Media Capital LLC / Outfront Media Capital Corp7.375% 02/15/20310.2%
CP Atlas Buyer Inc7.000% 12/01/20280.2%
Seaspan Corp5.500% 08/01/20290.2%
Curaleaf Holdings Inc8.000% 12/15/20260.2%
DISH Network Corp11.750% 11/15/20270.2%
Valaris Ltd8.375% 04/30/20300.2%
McGraw-Hill Education Inc5.750% 08/01/20280.2%
Resideo Funding Inc4.000% 09/01/20290.2%
Rakuten Group Inc9.750% 04/15/20290.2%
Sunrise FinCo I BV4.875% 07/15/20310.2%
Vornado Realty LP3.400% 06/01/20310.2%
Global Partners LP / GLP Finance Corp8.250% 01/15/20320.2%
Red Oak Power LLC8.593% 10/01/20300.2%
Penn Entertainment Inc4.125% 07/01/20290.2%
Buckeye Partners LP4.125% 12/01/20270.2%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
Taseko Mines Ltd8.250% 05/01/20300.2%
CITGO Petroleum Corp8.375% 01/15/20290.2%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.2%
Park-Ohio Industries Inc6.625% 04/15/20270.2%
Transocean Inc6.800% 03/15/20380.2%
Herens Midco Sarl5.250% 05/15/20290.2%
Medline Borrower LP3.875% 04/01/20290.2%
Allison Transmission Inc3.750% 01/30/20310.2%
BellRing Brands Inc7.000% 03/15/20300.2%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.2%
GFL Environmental Inc6.750% 01/15/20310.2%
LABL Inc8.625% 10/01/20310.2%
Newmark Group Inc7.500% 01/12/20290.2%
Frontier Communications Holdings LLC5.875% 10/15/20270.2%
Carriage Purchaser Inc7.875% 10/15/20290.2%
Berry Petroleum Co LLC7.000% 02/15/20260.2%
Flutter Treasury DAC6.375% 04/29/20290.2%
ZF North America Capital Inc7.125% 04/14/20300.2%
Precision Drilling Corp6.875% 01/15/20290.2%
Algonquin Power & Utilities Corp4.750% 01/18/20820.2%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.2%
Ardonagh Group Finance Ltd8.875% 02/15/20320.2%
JB Poindexter & Co Inc8.750% 12/15/20310.2%
Eldorado Gold Corp6.250% 09/01/20290.2%
AMC Networks Inc4.250% 02/15/20290.2%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.2%
PennyMac Financial Services Inc5.750% 09/15/20310.2%
Cushman & Wakefield US Borrower LLC8.875% 09/01/20310.2%
Champions Financing Inc9.852% 02/23/20290.2%
Smyrna Ready Mix Concrete LLC8.875% 11/15/20310.2%
CNX Resources Corp7.375% 01/15/20310.2%
Jacobs Entertainment Inc6.750% 02/15/20290.2%
US Foods Inc4.625% 06/01/20300.2%
FMG Resources August 2006 Pty Ltd6.125% 04/15/20320.2%
First Quantum Minerals Ltd8.625% 06/01/20310.2%
LABL Inc9.500% 11/01/20280.2%
Navient Corp9.375% 07/25/20300.2%
Block Inc6.500% 05/15/20320.2%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.2%
IHO Verwaltungs GmbH8.000% 11/15/20320.2%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.750% 04/20/20290.2%
Vistra Corp7.000% 06/15/21730.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
Cloud Software Group Inc8.250% 06/30/20320.2%
Landsea Homes Corp8.875% 04/01/20290.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
Lumen Technologies Inc7.182% 04/15/20300.2%
PLT VII Finance Sarl6.000% 06/15/20310.2%
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS9.500% 07/10/20360.2%
Ascent Resources Utica Holdings LLC / ARU Finance Corp5.875% 06/30/20290.2%
Aretec Group Inc10.000% 08/15/20300.2%
Mersin Uluslararasi Liman Isletmeciligi AS8.250% 11/15/20280.2%
Gatwick Airport Finance PLC4.375% 04/07/20260.2%
ACBL HLDG CORP0.000% -0.2%
Genting New York LLC / GENNY Capital Inc7.250% 10/01/20290.2%
Texas Capital Bank NA5.250% 01/31/20260.2%
Hunt Cos Inc5.250% 04/15/20290.2%
Civitas Resources Inc8.625% 11/01/20300.2%
Belo Corp7.250% 09/15/20270.2%
Cinemark USA Inc7.000% 08/01/20320.2%
Mercer International Inc5.125% 02/01/20290.2%
TransDigm Inc4.625% 01/15/20290.2%
CSC Holdings LLC6.500% 02/01/20290.2%
STL Holding Co LLC8.750% 02/15/20290.2%
Harvest Midstream I LP7.500% 05/15/20320.2%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC8.125% 02/15/20320.2%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.2%
Brink's Co/The6.750% 06/15/20320.2%
Bombardier Inc7.000% 06/01/20320.2%
NatWest Group PLC4.500% 03/31/21730.2%
Market Bidco Finco PLC5.500% 11/04/20270.2%
M/I Homes Inc4.950% 02/01/20280.2%
GN Bondco LLC9.500% 10/15/20310.2%
LSB Industries Inc6.250% 10/15/20280.2%
Lloyds Banking Group PLC8.500% 03/27/21730.2%
Vermilion Energy Inc6.875% 05/01/20300.2%
Olympus Water US Holding Corp9.750% 11/15/20280.2%
Twilio Inc3.625% 03/15/20290.2%
PG Polaris BidCo Sarl7.604% 03/26/20310.2%
888 Acquisitions Ltd10.750% 05/15/20300.2%
Bombardier Inc7.250% 07/01/20310.2%
Texas Capital Bancshares Inc4.000% 05/06/20310.2%
Dermatology Intermediate Holdings III Inc10.085% 03/30/20290.2%
Genesis Energy LP / Genesis Energy Finance Corp8.875% 04/15/20300.2%
Aston Martin Capital Holdings Ltd10.000% 03/31/20290.2%
Post Holdings Inc6.250% 10/15/20340.2%
US Acute Care Solutions LLC9.750% 05/15/20290.2%
Popular Inc7.250% 03/13/20280.2%
Standard Industries Inc/NY3.375% 01/15/20310.2%
Vital Energy Inc7.875% 04/15/20320.2%
Western Alliance Bancorp3.000% 06/15/20310.2%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20300.2%
Civitas Resources Inc8.750% 07/01/20310.2%
Piedmont Operating Partnership LP6.875% 07/15/20290.2%
StoneX Group Inc7.875% 03/01/20310.2%
WR Grace Holdings LLC5.625% 08/15/20290.2%
Coronado Finance Pty Ltd9.250% 10/01/20290.2%
Coherent Corp5.000% 12/15/20290.2%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.2%
Armor Holdco Inc8.500% 11/15/20290.2%
PRA Group Inc8.875% 01/31/20300.2%
Great Lakes Dredge & Dock Corp5.250% 06/01/20290.2%
Longfor Group Holdings Ltd3.950% 09/16/20290.2%
TK Elevator US Newco Inc5.250% 07/15/20270.2%
Zegona Finance PLC8.625% 07/15/20290.2%
Crescent Energy Finance LLC7.625% 04/01/20320.2%
GGAM Finance Ltd8.000% 02/15/20270.2%
Minerals Technologies Inc5.000% 07/01/20280.2%
Canpack SA / Canpack US LLC3.875% 11/15/20290.2%
Heathrow Finance PLC6.625% 03/01/20310.2%
MC Brazil Downstream Trading SARL7.250% 06/30/20310.2%
EnerSys6.625% 01/15/20320.2%
LifePoint Health Inc11.000% 10/15/20300.2%
Banco de Galicia y Buenos Aires SAU7.750% 10/10/20280.2%
Owens & Minor Inc6.625% 04/01/20300.2%
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC4.750% 04/15/20280.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.2%
Bausch Health Cos Inc4.875% 06/01/20280.2%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/06/20310.2%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.2%
Royal Caribbean Cruises Ltd6.000% 02/01/20330.2%
Permian Resources Operating LLC9.875% 07/15/20310.2%
Park River Holdings Inc6.750% 08/01/20290.2%
Parkland Corp6.625% 08/15/20320.1%
Carpenter Technology Corp7.625% 03/15/20300.1%
Comstock Resources Inc6.750% 03/01/20290.1%
LifePoint Health Inc10.000% 06/01/20320.1%
Level 3 Financing Inc4.500% 04/01/20300.1%
Cerdia Finanz GmbH9.375% 10/03/20310.1%
Gulfport Energy Operating Corp6.750% 09/01/20290.1%
DPL Inc4.350% 04/15/20290.1%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.375% 06/15/20290.1%
AthenaHealth Group Inc6.500% 02/15/20300.1%
ION Trading Technologies Sarl5.750% 05/15/20280.1%
Compass Power Generation LLC8.435% 04/14/20290.1%
SK Invictus Intermediate II Sarl5.000% 10/30/20290.1%
Real Hero Merger Sub 2 Inc6.250% 02/01/20290.1%
Baytex Energy Corp7.375% 03/15/20320.1%
Algoma Steel Inc9.125% 04/15/20290.1%
ACProducts Holdings Inc6.375% 05/15/20290.1%
LSF12 CRWN US COMRCL BIDCO LLC0.000% 10/10/20310.1%
Sealed Air Corp6.500% 07/15/20320.1%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.1%
City Football Group Ltd7.832% 07/22/20300.1%
Staples Inc12.750% 01/15/20300.1%
NRG Energy Inc6.000% 02/01/20330.1%
Novelis Corp3.875% 08/15/20310.1%
TransDigm Inc6.000% 01/15/20330.1%
CHS/Community Health Systems Inc6.875% 04/15/20290.1%
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer7.000% 02/01/20300.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
LifePoint Health Inc9.875% 08/15/20300.1%
LSF11 A5 HoldCo LLC6.625% 10/15/20290.1%
Societe Generale SA9.375% 05/22/21730.1%
Arsenal AIC Parent LLC8.000% 10/01/20300.1%
AdaptHealth LLC5.125% 03/01/20300.1%
Tank Holding Corp10.245% 03/31/20280.1%
Clydesdale Acquisition Holdings Inc8.750% 04/15/20300.1%
Boise Cascade Co4.875% 07/01/20300.1%
Hilton Domestic Operating Co Inc5.875% 03/15/20330.1%
Ahlstrom Holding 3 Oy4.875% 02/04/20280.1%
Connect Finco SARL / Connect US Finco LLC9.000% 09/15/20290.1%
Blue Racer Midstream LLC / Blue Racer Finance Corp7.000% 07/15/20290.1%
ATI Inc7.250% 08/15/20300.1%
Plaskolite PPC Intermediate II LLC8.800% 12/15/20250.1%
CHS/Community Health Systems Inc4.750% 02/15/20310.1%
Wildfire Intermediate Holdings LLC7.500% 10/15/20290.1%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.1%
Northriver Midstream Finance LP6.750% 07/15/20320.1%
Iris Holding Inc10.000% 12/15/20280.1%
Rocket Software Inc6.500% 02/15/20290.1%
Acuris Finance US Inc / Acuris Finance SARL9.000% 08/01/20290.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
Bread Financial Holdings Inc9.750% 03/15/20290.1%
SM Energy Co7.000% 08/01/20320.1%
Global Medical Response Inc6.500% 10/01/20250.1%
Sinclair Television Group Inc7.800% 04/01/20280.1%
Olympus Water US Holding Corp7.250% 06/15/20310.1%
Zelis Payments Buyer Inc0.000% 10/25/20310.1%
OneMain Finance Corp7.125% 11/15/20310.1%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.1%
CQP Holdco LP / BIP-V Chinook Holdco LLC5.500% 06/15/20310.1%
Raven Acquisition Holdings LLC6.875% 11/15/20310.1%
Trip.com Group Ltd0.750% 06/15/20290.1%
Provident Funding Associates LP / PFG Finance Corp9.750% 09/15/20290.1%
Baytex Energy Corp8.500% 04/30/20300.1%
Sinclair Television Group Inc8.535% 04/21/20290.1%
PBF Holding Co LLC / PBF Finance Corp7.875% 09/15/20300.1%
GEO Group Inc/The10.250% 04/15/20310.1%
Frontier Communications Holdings LLC8.750% 05/15/20300.1%
ROBLOX Corp3.875% 05/01/20300.1%
Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
YPF SA9.500% 01/17/20310.1%
Warrior Met Coal Inc7.875% 12/01/20280.1%
PennyMac Financial Services Inc7.875% 12/15/20290.1%
1011778 BC ULC / New Red Finance Inc6.125% 06/15/20290.1%
Raven Acquisition Holdings LLC0.000% 10/24/20310.1%
Jane Street Group / JSG Finance Inc4.500% 11/15/20290.1%
Nationstar Mortgage Holdings Inc6.500% 08/01/20290.1%
Sorik Marapi Geothermal Power PT7.750% 08/05/20310.1%
Dream Finders Homes Inc8.250% 08/15/20280.1%
Walgreens Boots Alliance Inc3.200% 04/15/20300.1%
Sprouts Farmers Market Inc0.000% -0.1%
TEGNA Inc5.000% 09/15/20290.1%
VFH Parent LLC / Valor Co-Issuer Inc7.500% 06/15/20310.1%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20300.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
Seadrill Finance Ltd8.375% 08/01/20300.1%
Hudbay Minerals Inc6.125% 04/01/20290.1%
Methanex Corp5.250% 12/15/20290.1%
SM Energy Co6.750% 08/01/20290.1%
CoreCivic Inc8.250% 04/15/20290.1%
Stena International SA7.250% 01/15/20310.1%
RingCentral Inc8.500% 08/15/20300.1%
Buckeye Partners LP6.875% 07/01/20290.1%
National Mentor Holdings Inc8.454% 03/02/20280.1%
CORNERSTONE GENERATION LLC0.000% 10/28/20310.1%
GYP Holdings III Corp4.625% 05/01/20290.1%
Iliad Holding SASU7.000% 10/15/20280.1%
Enstall Group BV9.865% 08/30/20280.1%
BCPE Empire Holdings Inc7.625% 05/01/20270.1%
USALCO LLC0.000% 09/17/20310.1%
Viasat Inc7.500% 05/30/20310.1%
AltaGas Ltd7.200% 10/15/20540.1%
Punch Finance PLC6.125% 06/30/20260.1%
Terex Corp5.000% 05/15/20290.1%
Victoria's Secret & Co4.625% 07/15/20290.1%
Bellis Finco PLC4.000% 02/16/20270.1%
Bombardier Inc8.750% 11/15/20300.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Vallourec SACA7.500% 04/15/20320.1%
South Field Energy LLC0.000% 08/29/20310.1%
Tidewater Inc10.375% 07/03/20280.1%
Entegris Inc3.625% 05/01/20290.1%
Churchill Downs Inc4.750% 01/15/20280.1%
Cinemark USA Inc5.250% 07/15/20280.1%
FMG Resources August 2006 Pty Ltd5.875% 04/15/20300.1%
Forestar Group Inc3.850% 05/15/20260.1%
Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
Iceland Bondco PLC10.875% 12/15/20270.1%
Mueller Water Products Inc4.000% 06/15/20290.1%
Full House Resorts Inc8.250% 02/15/20280.1%
Brand Industrial Services Inc10.375% 08/01/20300.1%
LBM Acquisition LLC6.250% 01/15/20290.1%
Resideo Funding Inc6.500% 07/15/20320.1%
Studio City Finance Ltd5.000% 01/15/20290.1%
Benteler International AG10.500% 05/15/20280.1%
Roller Bearing Co of America Inc4.375% 10/15/20290.1%
Arcosa Inc4.375% 04/15/20290.1%
Ferrari NV0.000% -0.1%
Vertiv Group Corp4.125% 11/15/20280.1%
TK Elevator Midco GmbH4.375% 07/15/20270.1%
Iris Holding Inc9.435% 06/28/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.1%
Newell Brands Inc5.700% 04/01/20260.1%
Jones Deslauriers Insurance Management Inc10.500% 12/15/20300.1%
CPI CG Inc10.000% 07/15/20290.1%
Performance Food Group Inc6.125% 09/15/20320.1%
FirstCash Inc5.625% 01/01/20300.1%
US 5YR NOTE (CBT) Dec240.000% 01/06/20250.1%
Mitchell International Inc9.935% 06/17/20320.1%
EquipmentShare.com Inc8.625% 05/15/20320.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.1%
Imola Merger Corp4.750% 05/15/20290.1%
Kodiak Gas Services LLC7.250% 02/15/20290.1%
Talos Production Inc9.000% 02/01/20290.1%
TriNet Group Inc7.125% 08/15/20310.1%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
Matador Resources Co6.500% 04/15/20320.1%
Guidewire Software Inc1.250% 03/15/20250.1%
Boyne USA Inc4.750% 05/15/20290.1%
NCR Atleos Corp9.500% 04/01/20290.1%
VOC Escrow Ltd5.000% 02/15/20280.1%
GGAM Finance Ltd8.000% 06/15/20280.1%
Kraken Oil & Gas Partners LLC7.625% 08/15/20290.1%
APi Group DE Inc4.750% 10/15/20290.1%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp8.625% 06/15/20290.1%
Pan American Energy LLC/Argentina8.500% 04/30/20320.1%
BWX Technologies Inc4.125% 04/15/20290.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Cornerstone Building Brands Inc6.125% 01/15/20290.1%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.1%
Perrigo Finance Unlimited Co4.900% 06/15/20300.1%
CommScope LLC8.250% 03/01/20270.1%
Royal Caribbean Cruises Ltd6.250% 03/15/20320.1%
PennyMac Financial Services Inc7.125% 11/15/20300.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.1%
Range Resources Corp4.750% 02/15/20300.1%
Asurion LLC10.050% 01/20/20290.1%
Transocean Inc8.250% 05/15/20290.1%
Summer BC Holdco A Sarl9.250% 10/31/20270.1%
PRA Group Inc5.000% 10/01/20290.1%
Iliad Holding SASU8.500% 04/15/20310.1%
LCM Investments Holdings II LLC8.250% 08/01/20310.1%
Glaukos Corp2.750% 06/15/20270.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Post Holdings Inc4.625% 04/15/20300.1%
Synaptics Inc4.000% 06/15/20290.1%
Virtusa Corp7.125% 12/15/20280.1%
Vistra Operations Co LLC4.375% 05/01/20290.1%
NESCO Holdings II Inc5.500% 04/15/20290.1%
EQM Midstream Partners LP4.750% 01/15/20310.1%
Churchill Downs Inc5.750% 04/01/20300.1%
Group 1 Automotive Inc6.375% 01/15/20300.1%
Seagate HDD Cayman8.500% 07/15/20310.1%
Freedom Mortgage Holdings LLC9.125% 05/15/20310.1%
Bellis Acquisition Co PLC8.125% 05/14/20300.1%
Panther Escrow Issuer LLC7.125% 06/01/20310.1%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.1%
Axalta Coating Systems Dutch Holding B BV7.250% 02/15/20310.1%
Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc8.000% 06/15/20290.1%
ASG Finance Designated Activity Co9.750% 05/15/20290.1%
NCL Corp Ltd5.875% 02/15/20270.1%
Knife River Corp7.750% 05/01/20310.1%
Beacon Roofing Supply Inc4.125% 05/15/20290.1%
Freedom Mortgage Holdings LLC9.250% 02/01/20290.1%
Trident TPI Holdings Inc12.750% 12/31/20280.1%
180 Medical Inc3.875% 10/15/20290.1%
PG&E Corp7.375% 03/15/20550.1%
Masterbrand Inc7.000% 07/15/20320.1%
Vibrantz Technologies Inc9.000% 02/15/20300.1%
ATS Corp4.125% 12/15/20280.1%
South Bow Canadian Infrastructure Holdings Ltd7.625% 03/01/20550.1%
Univision Communications Inc8.500% 07/31/20310.1%
Brightline East LLC11.000% 01/31/20300.1%
Mativ Holdings Inc8.000% 10/01/20290.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Raising Cane's Restaurants LLC9.375% 05/01/20290.1%
Ashton Woods USA LLC / Ashton Woods Finance Co4.625% 04/01/20300.1%
Alcoa Nederland Holding BV7.125% 03/15/20310.1%
Lamb Weston Holdings Inc4.125% 01/31/20300.1%
Griffon Corp5.750% 03/01/20280.1%
Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC6.000% 01/15/20300.1%
Bloomin' Brands Inc / OSI Restaurant Partners LLC5.125% 04/15/20290.1%
Stena International SA7.625% 02/15/20310.1%
Capstone Borrower Inc8.000% 06/15/20300.1%
KeyCorp5.000% 12/15/21720.1%
MGM China Holdings Ltd7.125% 06/26/20310.1%
Albion Financing 2 Sarl8.750% 04/15/20270.1%
Newell Brands Inc6.625% 09/15/20290.1%
Sabre GLBL Inc8.625% 06/01/20270.1%
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer4.875% 05/15/20290.1%
Gainwell Acquisition Corp8.704% 10/01/20270.1%
EQM Midstream Partners LP6.375% 04/01/20290.1%
Kennedy-Wilson Inc4.750% 02/01/20300.1%
Victra Holdings LLC / Victra Finance Corp8.750% 09/15/20290.1%
Global Marine Inc7.000% 06/01/20280.1%
Cougar JV Subsidiary LLC8.000% 05/15/20320.1%
Bausch Health Americas Inc9.250% 04/01/20260.1%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.1%
Station Casinos LLC4.625% 12/01/20310.1%
Star Parent Inc8.354% 09/27/20300.1%
ASPIRE BAKERIES HOLDINGS LLC0.000% 12/13/20300.1%
Royal Caribbean Cruises Ltd4.250% 07/01/20260.1%
Commercial Metals Co4.125% 01/15/20300.1%
Windstream Services LLC / Windstream Escrow Finance Corp8.250% 10/01/20310.1%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
WisdomTree Inc3.250% 08/15/20290.1%
Vertex Inc0.750% 05/01/20290.1%
Dycom Industries Inc4.500% 04/15/20290.1%
Arcline FM Holdings LLC9.567% 06/23/20280.1%
Kennedy-Wilson Inc5.000% 03/01/20310.1%
Gray Television Inc10.500% 07/15/20290.1%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.1%
Aston Martin Capital Holdings Ltd10.375% 03/31/20290.1%
Tyler Technologies Inc0.250% 03/15/20260.1%
Gray Television Inc7.000% 05/15/20270.1%
Greenbrier Cos Inc/The2.875% 04/15/20280.1%
Seagate HDD Cayman8.250% 12/15/20290.1%
NCL Corp Ltd8.125% 01/15/20290.1%
Trivium Packaging Finance BV8.500% 08/15/20270.1%
Tetra Tech Inc2.250% 08/15/20280.1%
Dana Inc4.250% 09/01/20300.1%
HUB International Ltd7.375% 01/31/20320.1%
Emergent BioSolutions Inc3.875% 08/15/20280.1%
Stonegate Pub Co Financing 2019 PLC10.750% 07/31/20290.1%
Semtech Corp1.625% 11/01/20270.1%
Kronos Acquisition Holdings Inc0.000% 07/08/20310.1%
Walgreens Boots Alliance Inc3.450% 06/01/20260.1%
Wabash National Corp4.500% 10/15/20280.1%
Wolverine World Wide Inc4.000% 08/15/20290.1%
Madison IAQ LLC5.875% 06/30/20290.1%
CPV Fairview LLC8.185% 08/14/20310.1%
Azul Secured Finance LLP11.930% 08/28/20280.1%
Spin Holdco Inc9.256% 03/04/20280.1%
Red Planet Borrower LLC8.285% 10/02/20280.1%
Taylor Morrison Communities Inc5.875% 06/15/20270.1%
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc6.625% 01/15/20320.1%
Clydesdale Acquisition Holdings Inc6.875% 01/15/20300.1%
DT Midstream Inc4.125% 06/15/20290.1%
Gap Inc/The3.875% 10/01/20310.1%
SPX FLOW Inc8.750% 04/01/20300.1%
BCP V Modular Services Finance PLC6.750% 11/30/20290.1%
Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.1%
Moss Creek Resources Holdings Inc8.250% 09/01/20310.1%
XPO Inc7.125% 02/01/20320.1%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.1%
Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed4.625% 03/01/20290.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.1%
Graham Packaging Co Inc7.125% 08/15/20280.1%
Cogent Communications Group LLC7.000% 06/15/20270.1%
Caesars Entertainment Inc7.000% 02/15/20300.1%
HAMILTON PROJECTS ACQUIROR LLC8.435% 05/22/20310.1%
Virgin Media Bristol LLC0.000% 01/31/20290.1%
Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
Garrett Motion Holdings Inc / Garrett LX I Sarl7.750% 05/31/20320.1%
Modena Buyer LLC9.104% 07/01/20310.1%
Enviri Corp5.750% 07/31/20270.1%
AG Issuer LLC6.250% 03/01/20280.1%
Hess Midstream Operations LP5.125% 06/15/20280.1%
YPF Energia Electrica SA7.875% 10/16/20320.1%
Edge Finco PLC8.125% 08/15/20310.1%
Sunnova Energy Corp5.875% 09/01/20260.1%
Boxer Parent Co Inc10.335% 07/30/20320.1%
Pitney Bowes Inc7.250% 03/15/20290.1%
ZF North America Capital Inc6.875% 04/14/20280.1%
NGL Energy Operating LLC / NGL Energy Finance Corp8.375% 02/15/20320.1%
Adient Global Holdings Ltd8.250% 04/15/20310.1%
Molina Healthcare Inc3.875% 05/15/20320.1%
DaVita Inc6.875% 09/01/20320.1%
Nova Alexandre III SAS8.792% 07/15/20290.1%
Cimpress PLC7.375% 09/15/20320.1%
Life Time Inc6.000% 11/15/20310.1%
EPIC Y-Grade Services LP10.601% 06/29/20290.1%
Directv Financing LLC8.875% 02/01/20300.1%
Transocean Inc7.500% 04/15/20310.1%
ON Semiconductor Corp3.875% 09/01/20280.1%
Energy Transfer LP8.000% 05/15/20540.1%
Foot Locker Inc4.000% 10/01/20290.1%
Zayo Group Holdings Inc4.000% 03/01/20270.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
Fair Isaac Corp4.000% 06/15/20280.1%
Esab Corp6.250% 04/15/20290.1%
ION Trading Technologies Sarl9.500% 05/30/20290.1%
Gray Television Inc5.375% 11/15/20310.1%
Acadia Healthcare Co Inc5.000% 04/15/20290.1%
WaterBridge Midstream Operating LLC9.393% 06/27/20290.1%
Cablevision Lightpath LLC5.625% 09/15/20280.1%
MACOM Technology Solutions Holdings Inc0.250% 03/15/20260.1%
Nabors Industries Inc8.875% 08/15/20310.1%
Ardonagh Finco Ltd7.750% 02/15/20310.1%
Vanke Real Estate Hong Kong Co Ltd3.500% 11/12/20290.1%
Global Auto Holdings Ltd/AAG FH UK Ltd8.375% 01/15/20290.1%
GGAM Finance Ltd6.875% 04/15/20290.1%
Century Communities Inc3.875% 08/15/20290.1%
Calumet Specialty Products Partners LP / Calumet Finance Corp9.750% 07/15/20280.1%
Patrick Industries Inc6.375% 11/01/20320.1%
Nordstrom Inc4.375% 04/01/20300.1%
Triumph Group Inc9.000% 03/15/20280.1%
Consolidated Communications Inc6.500% 10/01/20280.1%
INEOS Finance PLC7.500% 04/15/20290.1%
Shelf Drilling Holdings Ltd9.625% 04/15/20290.1%
Mahle GmbH6.500% 05/02/20310.1%
Alta Equipment Group Inc9.000% 06/01/20290.1%
Ocado Group PLC10.500% 08/08/20290.1%
Mangrove Luxco III Sarl8.179% 07/15/20290.1%
Iceland Bondco PLC10.875% 12/15/20270.1%
Star Parent Inc9.000% 10/01/20300.1%
NRG Energy Inc7.000% 03/15/20330.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Asbury Automotive Group Inc5.000% 02/15/20320.1%
CD&R Firefly Bidco PLC8.625% 04/30/20290.1%
UBS Group AG7.750% 04/12/21730.1%
Navient Corp4.875% 03/15/20280.1%
Varonis Systems Inc1.250% 08/15/20250.1%
Constant Contact Inc0.000% 02/12/20290.1%
P&L Development LLC / PLD Finance Corp12.000% 05/15/20290.1%
Sealed Air Corp6.875% 07/15/20330.1%
Gates Corp/DE6.875% 07/01/20290.1%
Ingles Markets Inc4.000% 06/15/20310.1%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.1%
USA Compression Partners LP / USA Compression Finance Corp7.125% 03/15/20290.1%
NRG Energy Inc5.250% 06/15/20290.1%
Zebra Technologies Corp6.500% 06/01/20320.1%
Ingenovis Health Inc9.050% 03/06/20280.1%
Anastasia Parent LLC8.615% 08/11/20250.1%
Specialty Building Products Holdings LLC / SBP Finance Corp7.750% 10/15/20290.1%
WaterBridge NDB Operating LLC9.603% 05/10/20290.1%
Camelot Return Merger Sub Inc8.750% 08/01/20280.1%
Summit Materials LLC / Summit Materials Finance Corp7.250% 01/15/20310.1%
LABL Inc10.500% 07/15/20270.1%
Kosmos Energy Ltd7.500% 03/01/20280.1%
Transocean Aquila Ltd8.000% 09/30/20280.1%
Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl8.750% 05/01/20290.1%
Perrigo Finance Unlimited Co6.125% 09/30/20320.1%
Vital Farms Inc0.000% -0.1%
CHS/Community Health Systems Inc6.875% 04/01/20280.1%
Market Bidco Finco PLC4.750% 11/04/20270.1%
Flagstar Financial Inc8.269% 11/06/20280.1%
Nine Energy Service Inc13.000% 02/01/20280.1%
Mineral Resources Ltd8.500% 05/01/20300.1%
Bausch Health Cos Inc5.250% 02/15/20310.1%
Lumen Technologies Inc4.125% 04/15/20290.1%
ILFC E-Capital Trust I6.565% 12/21/20650.1%
Aretec Group Inc7.500% 04/01/20290.1%
Fiber Bidco Spa6.125% 06/15/20310.1%
Permian Resources Operating LLC6.250% 02/01/20330.1%
Matador Resources Co6.875% 04/15/20280.1%
Lumen Technologies Inc4.125% 04/15/20300.1%
Iron Mountain Inc7.000% 02/15/20290.1%
Hanger Inc0.000% 10/16/20310.1%
Wellpath Holdings Inc0.000% 10/01/20250.1%
Navient Corp5.500% 03/15/20290.1%
Chobani Holdco II LLC8.750% 10/01/20290.1%
Amentum Holdings Inc7.250% 08/01/20320.1%
ILFC E-Capital Trust II6.815% 12/21/20650.1%
Sabre GLBL Inc11.250% 12/15/20270.1%
US ULTRA BOND CBT Dec240.000% 12/31/20240.1%
Williams Scotsman Inc6.625% 06/15/20290.1%
GIBSON BRANDS PRIVATE EQUITY0.000% -0.1%
BCPE GRILL PARENT9.435% 09/30/20300.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp6.625% 10/15/20320.1%
Park River Holdings Inc5.625% 02/01/20290.1%
Eco Material Technologies Inc7.875% 01/31/20270.1%
Michaels Cos Inc/The7.875% 05/01/20290.1%
Mercer International Inc12.875% 10/01/20280.1%
Physician Partners LLC8.735% 12/26/20280.1%
McGraw-Hill Education Inc7.375% 09/01/20310.1%
Ocado Group PLC10.500% 08/08/20290.1%
Atkore Inc4.250% 06/01/20310.1%
Sunac China Holdings Ltd0.000% 09/30/20280.1%
Sigma Holdco BV7.875% 05/15/20260.1%
Level 3 Financing Inc4.250% 07/01/20280.1%
Sabre GLBL Inc8.300% 12/17/20270.1%
Altice France SA2.125% 02/15/20250.1%
Biocon Biologics Global PLC6.670% 10/09/20290.1%
Sani/Ikos Financial Holdings 1 Sarl7.250% 07/31/20300.1%
Concentra Escrow Issuer Corp6.875% 07/15/20320.1%
UTEX INDUSTRIES0.000% -0.1%
IMA Industria Macchine Automatiche SpA6.929% 04/15/20290.1%
Arcosa Inc6.875% 08/15/20320.1%
Alpha Generation LLC6.750% 10/15/20320.1%
Sani/Ikos Financial Holdings 1 Sarl7.250% 07/31/20300.1%
IMA Industria Macchine Automatiche SpA6.965% 04/15/20290.1%
Coinbase Global Inc3.625% 10/01/20310.0%
IAMGOLD Corp5.750% 10/15/20280.0%
New Frontera Holdings LLC17.865% 07/28/20260.0%
UC HOLDINGS INC.0.000% -0.0%
Altice France SA2.500% 01/15/20250.0%
Herens Holdco Sarl4.750% 05/15/20280.0%
Calumet Specialty Products Partners LP / Calumet Finance Corp8.125% 01/15/20270.0%
AccorInvest Group SA6.375% 10/15/20290.0%
Shimao Group Holdings Ltd5.200% 01/16/20270.0%
Sabre GLBL Inc8.300% 12/17/20270.0%
UBS Group AG9.250% 05/13/21730.0%
FX USD/GBP 12/240.000% 12/06/20240.0%
FX USD/EUR 11/240.000% 11/20/20240.0%
UBS Group AG9.250% 05/13/21730.0%
Lumen Technologies Inc7.650% 03/15/20420.0%
Vital Energy Inc9.750% 10/15/20300.0%
TransDigm Inc6.625% 03/01/20320.0%
Elwood Energy LLC8.159% 07/05/20260.0%
Level 3 Financing Inc4.875% 06/15/20290.0%
New Frontera Holdings LLC6.365% 07/28/20280.0%
Fiber Bidco Spa6.125% 06/15/20310.0%
ESC 144A HERTZ CORP0.000% 01/15/20280.0%
P&L Development LLC / PLD Finance Corp7.750% 11/15/20250.0%
Aris Mining Corp8.000% 10/31/20290.0%
CD&R Firefly Bidco PLC8.625% 04/30/20290.0%
Bausch Health Cos Inc5.250% 01/30/20300.0%
ACBL HLDG CORP0.000% -0.0%
Mohegan Tribal Gaming Authority8.000% 02/01/20260.0%
Cornerstone Building Brands Inc9.500% 08/15/20290.0%
FRONTERA GENERATION0.000% -0.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
South Field Energy LLC0.000% 08/29/20310.0%
Sunac China Holdings Ltd0.000% -0.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
Sunac China Holdings Ltd2.000% 09/30/20280.0%
Sunac China Holdings Ltd7.000% 09/30/20290.0%
Lumen Technologies Inc5.375% 06/15/20290.0%
Sunac China Holdings Ltd6.500% 09/30/20270.0%
Lumen Technologies Inc7.600% 09/15/20390.0%
National Mentor Holdings Inc8.454% 03/02/20280.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
Sunac China Holdings Ltd7.250% 09/30/20300.0%
FX USD/GBP 12/240.000% 12/06/20240.0%
Sunac China Holdings Ltd6.000% 09/30/20260.0%
Shimao Group Holdings Ltd3.450% 01/11/20310.0%
Sunac China Holdings Ltd2.000% 09/30/20270.0%
FGI Operating Co LLC0.000% 12/31/20250.0%
Hanger Inc0.000% 10/16/20310.0%
FX USD/EUR 11/240.000% 11/20/20240.0%
FX USD/GBP 12/240.000% 12/06/20240.0%
FX USD/EUR 11/240.000% 11/20/20240.0%
FX USD/CAD 11/240.000% 11/22/20240.0%
FX USD/GBP 12/240.000% 12/06/20240.0%
Tonon Luxembourg SA6.500% 10/31/20240.0%
ASP Unifrax Holdings Inc0.000% 09/28/20290.0%
CLAIRES HOLDINGS0.000% -0.0%
FX USD/GBP 12/240.000% 12/06/20240.0%
FX USD/CAD 11/240.000% 11/22/20240.0%
FX USD/EUR 11/240.000% 11/20/20240.0%
USALCO LLC0.000% 09/17/20310.0%
Washington Mutual Bank / Debt not acquired by JPMorgan6.875% 06/15/20110.0%
MIRABELA NICKEL LTD.1.000% 09/16/20440.0%
Sunac China Holdings Ltd1.000% 09/30/20320.0%
PERSIMMON MIDCO LLC0.000% -0.0%
Raven Acquisition Holdings LLC0.000% 10/24/20310.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX CAD/USD 11/240.000% 11/22/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX CAD/USD 11/240.000% 11/22/20240.0%
FX CAD/USD 11/240.000% 11/22/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
FX EUR/USD 11/240.000% 11/20/20240.0%
US LONG BOND(CBT) Dec240.000% 12/31/20240.0%
US 10YR NOTE (CBT)Dec240.000% 12/31/2024-0.1%
US 2YR NOTE (CBT) Dec240.000% 01/06/2025-0.1%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 11/29/2024

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Energy arrowDown0.8%
Real Estate 0.0%
Automotive arrowUp0.1%
Telecommunications arrowDown0.1%
Capital Goods arrowDown0.7%
Services arrowUp0.6%
Leisure arrowDown0.7%
Healthcare arrowUp0.3%
Insurance arrowDown0.1%
Consumer Goods arrowDown0.4%
Retail arrowDown0.1%
Basic Industry arrowDown0.3%
Media arrowDown0.2%
Transportation arrowUp0.4%
Banking 0.0%
Utility arrowUp0.2%
Technology & Electronics arrowUp1.2%
Financial Services arrowUp0.2%
Mortgage Securities -
Consumer, Non-Cyclical 0.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 12/10/2024
$0.41532
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2024 $0.03855 $6.45
Daily Daily 10/31/2024 $0.03860 $6.41
Daily Daily 09/30/2024 $0.03809 $6.48
Daily Daily 08/31/2024 $0.03868 $6.42
Daily Daily 07/31/2024 $0.03781 $6.36
Daily Daily 06/30/2024 $0.03790 $6.29
Daily Daily 05/31/2024 $0.03884 $6.28
Daily Daily 04/30/2024 $0.03868 $6.23
Daily Daily 03/31/2024 $0.03336 $6.33
Daily Daily 02/29/2024 $0.03858 $6.28
Daily Daily 01/31/2024 $0.03623 $6.30

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 - $0.0100 $0.0100 $7.45
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/10/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $6.61
$100,000 to $249,999 1.75% 1.50% $6.58
$250,000 to $499,999 1.25% 1.00% $6.54
Greater than $500,000 0.00% 1.00% $6.46

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

Expense Ratioas of 11/30/2024

Fund Gross Expense Ratio 0.92%
Fund Net Expense Ratio 0.92%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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